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1z0-1059-24 Questions and Answers

Question # 6

One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.

What is the name of this spreadsheet template?

A.

Customer Contract Source Documents Import

B.

Customer Sales Source Data Import

C.

Customer Contract Source Data Import

D.

Customer Sales Data Source Documents Import

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Question # 7

Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.

Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?

A.

Fixed Schedule

B.

Variable Schedule

C.

Daily Revenue Rate, All Periods

D.

Daily Revenue Rate, Partial Periods

E.

Partial Schedule

F.

Daily Revenue Rate

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Question # 8

You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:

Extensible Line Character Attribute 7

Based on the data displayed:

How many performance obligations will be created In Revenue Management?

A.

6

B.

4

C.

5

D.

3

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Question # 9

After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.

Which predefined Contract Identification Rule can be used in this case?

A.

Identify Customer Contract Based on Party

B.

Identify Customer Contract Based on Source Document Line

C.

Identify Customer Contract Based on Source Document

D.

Identify Customer Contract Based on Source System

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Question # 10

Which configuration component is Source Document TypeNOTconnected to?

A.

Revenue Management System Options

B.

Performance Obligation Template

C.

Contract Identification Rules

D.

Revenue Price Profile

E.

Performance Obligation Identification Rules

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Question # 11

Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which IsNOTa predefined Accounting Class?

A.

Contract Asset

B.

Contract Price Variance

C.

Contract Liability

D.

Contract Revenue

E.

Contract Expense

F.

Contract Clearing

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Question # 12

Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?

A.

Void contract

B.

Preserve contract

C.

Reject line

D.

Reverse line

E.

Reject contract

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Question # 13

What does a Variable Consideration require?

A.

an estimate of the consideration be made at inception only

B.

that the consideration be monetary

C.

an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized

D.

a disclosure be made to the shareholders

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Question # 14

A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?

A.

Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.

B.

Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.

C.

Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.

D.

Run the Calculate Observed Standalone Selling Prices program to derive prices.

E.

Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.

F.

Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.

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Question # 15

Which method is used to allocate total transaction price across performance obligations in Revenue Management?

A.

Inverted Allocation Method

B.

Residual Allocation Method

C.

Relative Allocation Method

D.

Two Step Allocation Method

E.

Alternative Allocation Method

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Question # 16

Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

A.

when a pricing dimension structure is enabled for pricing bands

B.

when a source document type is enabled to use pricing bands

C.

when a pricing dimension structure Instance Is enabled for pricing bands

D.

when a value set segment label of Set Band is used

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Question # 17

Which, when transferred to a customer, allows you to recognize revenue?

A.

a shipment

B.

a performance obligation

C.

an invoice

D.

promise detail

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Question # 18

Which setup Is required to enable integration between Order Management and Revenue Management?

A.

Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.

B.

Add Order Management in the Manage Trading Community Source Systems page.

C.

Create custom program to extract sales order and fulfillment data from Order Management.

D.

Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.

E.

Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.

F.

Define a source document type for the Order Management application and set satisfaction measurement model to quantity.

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Question # 19

Given the Identify Customer Contracts Job set performs many different processes, which action IsNOTperformed by this job set?

A.

allocates the SSP to various satisfaction events

B.

creates the accounting for the stages in the process

C.

allocates the SSP to various performance obligations

D.

recognizes revenue if any satisfaction events exist

E.

creates customer contracts and performance obligations

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Question # 20

What is a Standalone Selling Price (SSP)?

A.

the average of your bundled price

B.

the sum of the SSPs of the components

C.

the list price

D.

the price you would use if you sold to a customer separately

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Question # 21

Why Is Satisfaction Method a key element of a Performance Obligation?

A.

because it determines whether revenue for a good or service is recognized Over Time or Point in Time

B.

because it calculates the amount of Total Transaction Price allocated to date

C.

because it calculates the percentage of Total Transaction Price allocated to date

D.

because it specifies whether revenue has been fully or partially recognized for a good or service

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Question # 22

After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.

Which two attributes on the structure instance are inherited from the structure definition?

A.

whether Dynamic Combination Creation Allowed is enabled

B.

the shape: Same number of segments and order

C.

the Displayed option

D.

the value sets

E.

the Query Required option

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Question # 23

A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.

Which two options are available In Revenue Management to convert transaction amounts to the USD currency?

A.

Select Conversion Rate Type in the Source Document Type setup.

B.

Run the Revenue Management translation process.

C.

Enter Conversion Rate Type in System Options.

D.

Provide currency conversion details in the Revenue Basis Data Import Template.

E.

Enter exchange rate information in Standalone Selling Price Profile.

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Question # 24

Which is NOT a Price Band Type?

A.

Amount Band

B.

Set Band

C.

Quantity Band

D.

Percentage Band

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